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Reply to "Taxes on back door Roth - Taxed twice?"
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[quote=Anonymous][quote=Anonymous]I’m interested in this too, but don’t quite understand OP’s question. The money that went into the traditional IRA was before-tax, so no taxes have been paid on the contributions. Same thing for any investment gains. When the never-taxed contributions and investment gains are converted to a Roth, it’s my understanding that one pays tax on the full rollover amount. If that’s not correct, please correct me. [/quote] OP's money she deposited in the traditional IRA was post-tax.[/quote]
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